Upcoming IPO: Many new opportunities are going to come for investors in the stock market next week. At least four companies are going to launch their Initial Public Offering (IPO) next week. These include the mainboard issue of Billionaires Garage Ventures Limited, the parent company of trading platform ‘Grow’. Whereas Shreeji Global FMCG, Finbud Financial Services and Curis Lifesciences will launch their SME IPOs.
Apart from this, shares of at least 5 companies are also going to be listed next week. These include companies like Orkla India, Studs Accessories, Jayesh Logistics, Game Changers TexFab and Safecure Services JE. Let us know about the IPO to be launched next week.
1. Groww IPO
Under the OFS, promoters Lalit Keshare, Neeraj Singh, Ishaan Bansal and Harsh Jain will sell 10 lakh shares each. Apart from this, investors Peak XV Partners Investments VI-1, Ribbit Capital V, GW-E Ribbit Opportunities V, YC Holdings II, Kauffman Fellows Fund LP and Internet Fund VI Pte Ltd will also sell their stake.
Grow started business in the year 2016. It is an online stockbroking platform that offers services like Stocks, Mutual Funds, Commodities, Margin Trading Facility (MTF), Wealth Management and Loan Against Shares.
2. Shreeji Global FMCG IPO
Shreeji Global FMCG is coming up with an initial public offer (IPO) of Rs 85 crore, which will be a completely fresh issue. The company has fixed the price band for this issue at ₹120 to ₹125 per share. Its subscription will start from 4th November and will be open till 7th November. After this, the company’s shares will be listed on the NSE SME platform on November 12. One lot for investors will consist of 2,000 shares.
3. Finbud Financial Services IPO
Finbud Financial Services is also going to launch an IPO of Rs 71.68 crore next week, which will be a completely fresh issue. The price band of this issue has been fixed at Rs 140 to Rs 142 per share. Investors will be able to apply from November 6 to November 10. The company’s shares will be listed on the NSE SME exchange on November 13. One lot will consist of 2,000 shares, which will be the minimum investment unit for retail investors.
4. Curis Lifesciences IPO
Curis Lifesciences’ IPO of Rs 27.52 crore will be launched next week, which will be a completely fresh issue. The company has kept the price band for its shares at ₹120 to ₹128 per share. The issue will be open from November 7 to November 11, while the listing will take place on the NSE SME platform on November 14. A lot of 2,000 shares have been earmarked for retail investors.
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